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Paytm, Paytm Payments Bank to discontinue inter-company pacts to reduce dependencies

The move assumes significance as Paytm Payments Bank Limited (PPBL) is under the RBI's lens over persistent non-compliance and continued material supervisory concernsNew Delhi: Amid RBI's action on its associate firm, One 97 Communications on Friday said the board has...

Paytm Payments Bank’s independent director resigns from board

The RBI on January 31 directed the Paytm Payments Bank to stop accepting deposits or top-ups in customer accounts, wallets, FASTags and other instruments after February 29New Delhi: Paytm Payments Bank independent director Manju Agarwal is learnt to have...

RBI orders Paytm Payments Bank to halt most services after Feb 29, Paytm anticipates Rs 300-500 Crore Impact

The company expects this action to have a worst-case impact of Rs 300-500 crore on its annual EBITDA going forwardNew Delhi: In a major action against Paytm Payments Bank (PPBL), the Reserve Bank on Wednesday directed the lender to...
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AI spending in India may triple to $5 bn by 2027: Report

AI spending in India is expected to increase to $5 billion with CAGR of 31.5%New Delhi: Spending on Artificial...
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